A leap in the salary cap has caused teams to hand out record amounts of money to players. Dwyane Wade is leaving Miami for Chicago. The San Antonio Spurs have traded Boris Diaw in preparation to sign Pau Gasol. Mike Conley, the top free-agent point guard, is back with Memphis on the most lucrative contract in league history.

Check back on this page for the latest rumors from around the league. For more, also be sure to check out SI’s ranking of the top 50 free agents.

•​ The Rockets have agreed to a two-year deal with veteran guard Pablo Prigioni, who played 24 games with the team to open 2014–15 before being traded to the Knicks. The second year of his contract is a team option. (Adrian Wojnarowski, The Vertical)

•​ Former Cavs guard Joe Harris has agreed to a deal with the Nets. (Wojnarowski)

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•​ Free-agent forward Christian Wood, a standout for the Sixers at Summer League, agreed to a two-year deal with the Hornets. (Shams Charania, The Vertical)